1) An agreement by one party to make good the losses suffered by another, usually by payment of money, repair, replacement, or reinstatement. This is the function of indemnity insurance.

2) An undertaking by a bank's client, who has lost a document (such as a share certificate or bill of lading), that the bank will be held harmless against any consequences of the document's absence if it proceeds to service the documents that have not been mislaid. The bank usually requires a letter of indemnity to make sure that it suffers no loss.

• loco
• Lombard rate
• Lombard Street
• Lomé Convention
• London acceptance credit
• London and New Zealand Futures Association
• London approach
• London Bankers' Clearing House
• London Bullion Market
• London Chamber of Commerce and Industry
• London Clearing House
• London Club
• London Cocoa Terminal Market
• London code of conduct
• London Commodity Exchange
• London daily prices
• London Fox
• London Inter Bank Bid Rate
• London Inter Bank Currency Options Market
• London Inter Bank Mean Rate
• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• London International Insurance and Reinsurance Market Association
• London Metal Exchange
• London rules